Raising cards with cards is a way of "robbing Peter to pay Paul", and with the withdrawal cost, interest and handling fee, the deficit will become bigger and bigger.
If it is a normal repayment on time, there is no handling fee. However, if you want to raise a card with a card, you must find a way to take out the money in the credit card. In any case, you need to pay a handling fee, and the cost is not low. Moreover, there will be a daily interest of 15000 yuan, and an annual interest of 18%. This interest can be said to be very high.
If you apply for more than one credit card, it is easy to forget to repay it for various reasons. In the event of economic changes, the entire capital chain may break, leading to overdue debts. Moreover, this kind of behavior of raising cards with cards is easy to make cardholders feel that they are not short of money, and even stimulate consumption, and the possibility of overdue is greatly increased.
Once overdue, the bank will not only control the risk, but also take measures such as reducing the amount and sealing the card. On the other hand, personal credit information will also have an impact. In the future, credit cards and loans may be directly rejected, and even affect normal life.
Because the interest on cash withdrawal is relatively high, many people are reluctant to take this approach, so they want to rely on some so-called card-raisers to help them, such as cashing in through illegally operated POS machines.
In fact, this way is very risky. First of all, this method is not only illegal, but also easy to lead to the disclosure of personal information and even the risk of being stolen by others. Therefore, for safety reasons, this operation should be avoided as much as possible.
Baidu Encyclopedia-Yangka Nationality